Identity Crisis

In the classic movie Butch Cassidy and the Sundance Kid there’s a segment in the movie when after a failed robbery attempt Butch and Sundance are hunted by a group of lawmen. These lawmen are relentless in their pursuit of Butch and Sundance who keep trying to figure just who’s chasing them. Both Butch and Sundance keep looking at this group wondering aloud; “Who are those guys?”

We felt the same after reading the earnings transcript for FitBit who reported earnings yesterday. Here is some of what the company’s co-founder, President and CEO said last night . . .